Raport bieżący nr 16/2021

The Management Board of PCF Group S.A., a prominent Polish game development studio, formally convened an Extraordinary General Meeting scheduled for May 24, 2021, in Warsaw. This regulatory announcement serves to notify shareholders of critical corporate governance actions and proposed changes to the company’s capital structure shortly after its initial public offering. The primary focus of the meeting involves deliberating on the issuance of new Series D shares and the potential expansion of authorized capital.

Central to the proposed resolutions is the strategic decision to exclude existing shareholders' preemptive rights regarding the new Series D share issuance. The Management Board provided formal opinions justifying this exclusion, arguing that such a move facilitates more efficient capital raising and provides the flexibility necessary to execute the company’s long-term growth strategy. Furthermore, the board sought authorization to increase the share capital within a designated target capital framework, which includes the power to waive preemptive rights for future issuances with the approval of the Supervisory Board.

These financial maneuvers are designed to streamline the process of setting emission prices and securing funding for ongoing development projects. By establishing a target capital mechanism, the leadership aims to respond rapidly to market opportunities without the administrative delays of repeated general meetings. This administrative action reflects the company's transition into a more mature phase of corporate financing within the Polish capital market, emphasizing agility in capital management to support its international gaming operations.